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Nov 19, 2012
11/12
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as burma opens up and establishes new ties, it could become a commercial hub linking markets in india and bangladesh with southeast asia. >> analysts say china will be paying close attention to this visit highlighting the delicate struggle for power being played out in this region. >> all we would have to do is add vietnam and it would be a very clear signal about china improving relations with allies. certainly it's going to be some that china will be paying close attention to. >> pepsi, coca-cola and ge have already begun to invest p about. >> ge is very excited about myanmar. we've been following it for a couple of years. big population. 60 million. large land mass. a lot of natural resources. so it was great to see the country begin to open up. >> what did you say to some of the critics, do you say myanmar hasn't opened up enough yet to encourage the kind of investment that ge is putting in to the country? >> i think problem and secretary of state clinton's visit shows the support from around the world. for continuing on the reform path. so i think they'll make it. it's probably n
as burma opens up and establishes new ties, it could become a commercial hub linking markets in india and bangladesh with southeast asia. >> analysts say china will be paying close attention to this visit highlighting the delicate struggle for power being played out in this region. >> all we would have to do is add vietnam and it would be a very clear signal about china improving relations with allies. certainly it's going to be some that china will be paying close attention to....
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Aug 8, 2012
08/12
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kospi up and india's sensex trading up by 0.4%. >> thanks for that. disney's third quarter profits rose 31% beating forecasts. they saw revenues were a little shy due to deferred affiliate fees at espn. profits at disney movie studios rose six-fold thanks largely to "the avengers" which has made $1.4 million worldwide. and ceo bob iger says strength in company brands outpacing weakness and shares reflecting that positively, down about 0.7 in frankfurt trade. >>> coming up in about 15 minutes' time, we'll break down disney results with ron grover, l.a. bureau chief for reuters. >> a long time since i went to the movies. >> i haven't seen anybody -- i thought you got -- it's the guys i hear who are going to all these movies and franchises, keeping them going. apparently not you. >> yeah, probably the unmarried guys with young families. >> that's probably true. . >> i think that's the inhibitor. >> you know the next big blockbuster series, maybe you could get some women in theaters, is supposed to be "50 shades of grey." we've been asking viewers, what a
kospi up and india's sensex trading up by 0.4%. >> thanks for that. disney's third quarter profits rose 31% beating forecasts. they saw revenues were a little shy due to deferred affiliate fees at espn. profits at disney movie studios rose six-fold thanks largely to "the avengers" which has made $1.4 million worldwide. and ceo bob iger says strength in company brands outpacing weakness and shares reflecting that positively, down about 0.7 in frankfurt trade. >>> coming...
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Jun 25, 2012
06/12
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first, i want to bring you this news out of india. the central bank there is increasing the investment limit on government bonds by $5 billion, up to $20 billion. and a slew of other measures aimed at liberal zigs are being announced as well. you can see weakening a little bit. we have other headlines coming out as well that sovereign wealth funds, infrastructure firms will be allowed to raise funds or loans in foreign currenci currencies. relaxing rules in infrastructure and on noninfrastructure. we'll have more on these stories later on in the show. ross? >> kelly, thanks for that. if you just joined us, here is where we stand for the start of the u.s. trade this week. the nasdaq down around seven points as well. the dow is lower by some 70 points or so. this follows a third day of declines for european stocks. the ftse 100 off a half a percent. the cac down 1.3. down near the session lows at the moment. we have, of course, seen spain rally to the end of last week. yields are higher. remember, we were over 7%. ten-year gilt, the yie
first, i want to bring you this news out of india. the central bank there is increasing the investment limit on government bonds by $5 billion, up to $20 billion. and a slew of other measures aimed at liberal zigs are being announced as well. you can see weakening a little bit. we have other headlines coming out as well that sovereign wealth funds, infrastructure firms will be allowed to raise funds or loans in foreign currenci currencies. relaxing rules in infrastructure and on...
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Jun 19, 2012
06/12
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so we have a small position in china. >> india, a lot of people saying india doesn't deserve to be in the brics any longer because their reform progress hasn't headed the same way the other brics have and back there on taxes and things like that. should india come out of -- >> i think when jim o'neal coined the phrase it was about populations and surface area. unless you can come along with a country, it's very difficult to replace it. india has a declining currency because it has a current account deficit. >> charlie, you're with us for the rest of the hour. very good thing indeed. i want to bring you up to date with what's coming through the wires. reuters saying s&p is reporting they expect 2012 european corporate defaults that they could double if the recession is deeper than forecast. they are looking at company defaults to rise in 2012. that will be quite drastic if you see corporate defaults double. >> some markets are pricing that in but we'll see to what extent. microsoft unveiling its latest offering, the surface tablet. but is it a case of too little too late. in the meanti
so we have a small position in china. >> india, a lot of people saying india doesn't deserve to be in the brics any longer because their reform progress hasn't headed the same way the other brics have and back there on taxes and things like that. should india come out of -- >> i think when jim o'neal coined the phrase it was about populations and surface area. unless you can come along with a country, it's very difficult to replace it. india has a declining currency because it has a...
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Dec 5, 2012
12/12
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india time. it seems like it will go through the low herb house, but the big question mark is on the upper house of parliament and that is where the arithmetic doesn't seem to be working in favor of government. foreign investors are going to be watching this very closely because if this is turned back, if there is a u-turn on this poll circumstance it means that walmart cannot open shop here in india. for now, it's back to you. >> thanks for that. that's the latest. we'll see what happens. >>> now over to japan, where election timing may spell budget delays. we have the story from tokyo. >> the election campaign has officially kicked off in japan, but there are worries the budget is not likely to be ready pi the end of this year. they will likely call a special session to elect a new prime minister, then select a cabinet before moving on to budget matters. once they reconvene in january, the new government would likely pass the supplementary budget first before submitting its fiscal 2013 plan in
india time. it seems like it will go through the low herb house, but the big question mark is on the upper house of parliament and that is where the arithmetic doesn't seem to be working in favor of government. foreign investors are going to be watching this very closely because if this is turned back, if there is a u-turn on this poll circumstance it means that walmart cannot open shop here in india. for now, it's back to you. >> thanks for that. that's the latest. we'll see what...
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Jul 13, 2012
07/12
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. >>> so tcs, india's largest software exporter, much stronger than its rival. we have the details live from mumbai. over to you. >> reporter: thanks very much for that. if you go to the numbers, tcs has managed to beat expectations. we were expecting 2.5%, but on the top line by about 3%. revenues coming in around $2.72 billion versus around $2.64 billion. around $589 million, up around 2.8% on a quarterly basis. aside from that, the key point to note was the margins. margins came in at 27.5%, down by just 20 bases points. why is that important? considering the fact that the company actually had to face several including higher costs and the fact that they factored in rate hikes last quarter, we have actually managed to maintain margins at a fairly steady level. aside from that, strong around 5.3%. the main key point to note really was the fact that the management seems bullish despite the fact that the global environment is relatively challenging. so what you see is that yes, things are volatile at the current scenario. and yes, clients are slightly cautious,
. >>> so tcs, india's largest software exporter, much stronger than its rival. we have the details live from mumbai. over to you. >> reporter: thanks very much for that. if you go to the numbers, tcs has managed to beat expectations. we were expecting 2.5%, but on the top line by about 3%. revenues coming in around $2.72 billion versus around $2.64 billion. around $589 million, up around 2.8% on a quarterly basis. aside from that, the key point to note was the margins. margins...
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Sep 14, 2012
09/12
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india's rbi, whether they'll cut rates. that's a difficult one given hong kong is moving quickly already rolling out mortgage tightening rules and this is going to be the predominant theme here in asia. what to do with huge capital flowses just when asia was thinking that we have problems sort of under control. >> chloe, thanks for that. >> joining us to walk through the implications of the federal reserve's historic move, marc faber. and a fellow at the roosevelt institute is joinings us from new york. marc, first to you. your reaction to what the fed has done here. >> well, basically they've done what i expected they would do, namely to implement qe-3. but this time it's not just qe-3, but essentially an unlimited qe going forward, with the fed buying essentially mortgage backed securities and continuing the operation twist and the implication is simpdly that asset prices will go up and the money flows down to the main fair economy. it's defined oos an econoas an the well to do people whose asset prices go up and whose ne
india's rbi, whether they'll cut rates. that's a difficult one given hong kong is moving quickly already rolling out mortgage tightening rules and this is going to be the predominant theme here in asia. what to do with huge capital flowses just when asia was thinking that we have problems sort of under control. >> chloe, thanks for that. >> joining us to walk through the implications of the federal reserve's historic move, marc faber. and a fellow at the roosevelt institute is...
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Dec 20, 2012
12/12
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the asx in india still down by a quarter of a percent. a mixed bag here. >> thank you very much this morning. now let's check in on markets -- we did check in with markets on asia. now we're going to talk about a big deal news. cnbc's david faber reports a deal could be announced today. ice would pay about $33 billion for nyse, and that's about a 7% premium to wednesday's closing price. the move comes nearly two years after ice and nasdaq teamed up to buy the new york stock exchange for $11 billion. they were competing at the time against a bid from germany's deutsche bores. both of those offers ran up against tremendous scrutiny for u.s. and eu regulators. the euro nyse shares shot up 20%. >> how republicans plan to bring their tax bill to a vote today as tensions over fiscal cliff rise. it's still unclear what the plan b will look like. president obama says he will veto the bill, which has raced tax rates for people making more than $1 million a year. the president says he's puzzled by what's holding up talks and that house republicans
the asx in india still down by a quarter of a percent. a mixed bag here. >> thank you very much this morning. now let's check in on markets -- we did check in with markets on asia. now we're going to talk about a big deal news. cnbc's david faber reports a deal could be announced today. ice would pay about $33 billion for nyse, and that's about a 7% premium to wednesday's closing price. the move comes nearly two years after ice and nasdaq teamed up to buy the new york stock exchange for...
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Jul 23, 2012
07/12
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india sensex is feeling the regional sell off, down 1.3%. shares of maruti suzuki fell 6% in early trade after the carmaker said it has no idea when its factory will reopen. more on that from mumbai a little later. >>> that's where we're at right off the bat. >> not a pretty start to what's actually quite an exciting week here in london. >> we'll come on to that. summer is here. that's the big thing. >> i'm in a sleeveless top for it. exciting times. >> long may the summer last. a couple of days anyway. it's all about spain. half a dozen of explains could turn to government for support. we showed you where it's going with the ten year. it's worth pointing out the five year 7.36%, that's a fresh year on year high. also the three year has been high. stephane is in madrid with more. stephane, fairly clear from last week, what we've done is the memorandum of understanding, it failed to break the links between the banks and government. the spanish government has to take responsibility for everything. now we have the regions involved as well. how
india sensex is feeling the regional sell off, down 1.3%. shares of maruti suzuki fell 6% in early trade after the carmaker said it has no idea when its factory will reopen. more on that from mumbai a little later. >>> that's where we're at right off the bat. >> not a pretty start to what's actually quite an exciting week here in london. >> we'll come on to that. summer is here. that's the big thing. >> i'm in a sleeveless top for it. exciting times. >> long may...
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Dec 3, 2012
12/12
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and it keeps coming back to india. 2013. if you had to give a view on where the sensex is going to be and the investments from pekts either for credit or for equities, what would your take be? >> it would be very positive. my view is the sensex has at least another 15% to 20% move through the next 12 months. i think the momentum besides foreign portfolio flows is the fact that the vol is now a near a high. there is increasing momentum from retail investors. in fact retail investors through mutual funds have sold almost $9 billion. and one of the larnest retail brokers in india. so we have a pretty good sense of what our investors are doing and over the past two months or so as the reform process has kicked off, we've seen a lot of retail interest returning to the market, which is obviously a big positive. >> and right now the rbi under pressure on easing rates in the coming quarters. is that going to happen? >> good question. i think the rbi i think now needs to come to terms with the fact that inflation is here to stay. it'
and it keeps coming back to india. 2013. if you had to give a view on where the sensex is going to be and the investments from pekts either for credit or for equities, what would your take be? >> it would be very positive. my view is the sensex has at least another 15% to 20% move through the next 12 months. i think the momentum besides foreign portfolio flows is the fact that the vol is now a near a high. there is increasing momentum from retail investors. in fact retail investors...
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Dec 14, 2012
12/12
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. >>> meanwhile, india may be getting a grip on inflation. its main gauge on prices slipped in november to its lowest level in ten months thanks to a drop in manufacturing. india's wholesale price index was less than expected, up 3.4% on the year. still most say the cooling won't be enough to steer the central bank towards a rate cut. for more on what we might expect, we're joined now from vishno. wa do you expect the rbi to do next week. >> i think they will communicate that they're quite heartened and they will point to the down side risk for growth. overall, policy will continue to have a slight easing balance. they're probably going to hold the rate at 8%. nonetheless, they would cut crr at 25 basis points if not 50 because liquidity remains pretty tight. they're saying that policy transmission is weak, so earlier rate cuts this year haven't really seemed through yet and they're trying to fix that with the crr cuts. but in the meantime, they want to enter inflation expectations and for that reason they'll continue to hold the rate at 8%.
. >>> meanwhile, india may be getting a grip on inflation. its main gauge on prices slipped in november to its lowest level in ten months thanks to a drop in manufacturing. india's wholesale price index was less than expected, up 3.4% on the year. still most say the cooling won't be enough to steer the central bank towards a rate cut. for more on what we might expect, we're joined now from vishno. wa do you expect the rbi to do next week. >> i think they will communicate that...
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Dec 11, 2012
12/12
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also india will release november cpi. and glenn stevens will give a key speech to the bank of thailand in bangkok. >> we're going to take a quick break. head over to cnbc.com for stories that are currently trending. first, billions of dollars stashed overseas, find out who they are. and concern over departure of prime minister mario monti. and the fiscal cliff is still getting you cooking? head to cnbc.com for the latest. we'll also have a sneak peek of what the "squawk box" team has prepared. >>> still to come on the show, after some high profile dubs like facebook, the ipo market was new this year. but a new report says things will change in 2013. find out why. >>> eurozone finance ministers will discuss greece's buyback. last friday, the deadline was extended to this afternoon after they failed to reach a 40 billion euro target. the two-day summit in brussels on thursday is expected to produce a political agreement. while the details of the plan will be finalized at a later stage. >>> ipo activity is expected to pick u
also india will release november cpi. and glenn stevens will give a key speech to the bank of thailand in bangkok. >> we're going to take a quick break. head over to cnbc.com for stories that are currently trending. first, billions of dollars stashed overseas, find out who they are. and concern over departure of prime minister mario monti. and the fiscal cliff is still getting you cooking? head to cnbc.com for the latest. we'll also have a sneak peek of what the "squawk box"...
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Dec 28, 2012
12/12
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india has a very big percentage growth. but i think we've got a nice balance of growth around the world. >> on the middle east, i'm assuming that business in most areas of the middle east has been quite tough over the past two years especially or are you seeing pockets that are continuing to grow despite the uncertainty. >> you actually, uae and saudi have been very strong. but clearly egypt and places like syria, lebanon, so on have been affected. so it really is -- and we've defer natalie seen a reduction in development in the middle east. so it is a big market for us. but less growth than we've seen in the past. but again, over time, it's a wealthy part of the world. >> there's speculation that you could be selling somewhere in the region of $2 billion worth of asset necessary hong kong, london, new york, paris. are you? >> no, no, too much speculation. we have our new york hotel was on the market. we have a slight hiccup in that process where we've gone with one party. we're now going back on the to the market. and earl
india has a very big percentage growth. but i think we've got a nice balance of growth around the world. >> on the middle east, i'm assuming that business in most areas of the middle east has been quite tough over the past two years especially or are you seeing pockets that are continuing to grow despite the uncertainty. >> you actually, uae and saudi have been very strong. but clearly egypt and places like syria, lebanon, so on have been affected. so it really is -- and we've defer...
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Jun 15, 2012
06/12
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the reserve bank of india comes out with its mid quarter policy review. most expect a 25 basis point rate cut to boost flagging growth. that news will go hand in hand with may consumer data. and in singapore, may non-oil import figures. >>> still to come up shg, plent the countdown to the greek elections. . >>> this is "worldwide exchange." here are the headlines from around the globe. ers cb president mario draghi says the they could support e o eurozone banks further. >> we have reached a contingency where political choice has become predominant over monetary instruments. >> the bank of england offers banks 5 million pounds a month. >>> the hong kong exchange announced a plan to buy the uk commodity market, boe, for 1.4 billion pounds. >>> and it's the final countdown in greece. the country is heading to the polls on sunday potentially deciding their fate in the eurozone. >>> so, very warm welcome to you. u.s. futures now are indicating a slightly more positive start. s&p 500 is some nearly 8 points above fair value. the nasdaq about 11 points over fair
the reserve bank of india comes out with its mid quarter policy review. most expect a 25 basis point rate cut to boost flagging growth. that news will go hand in hand with may consumer data. and in singapore, may non-oil import figures. >>> still to come up shg, plent the countdown to the greek elections. . >>> this is "worldwide exchange." here are the headlines from around the globe. ers cb president mario draghi says the they could support e o eurozone banks...
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May 21, 2012
05/12
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this is a business with more customers than any nation other than china or india. so if they can't monetize the internet, there must be something wrong with them. so the potential is there. >> how does it affect the valuation for you for the rest of social networking companies? has it changed something? >> oh, fundamentally, but they've got a huge ways. 900 billion users. a fantastic user technology because it's there. so everybody else who wants to play in the four pillars of value wants to play in that dimension. nobody will create facebook number two. as will is no google or apple number would. there isn't that much room for something. so you either collaborate or find yourself run over. >> is that true for investors, you either have to get with facebook or -- >> you look at companies like say the chinese internet companies do very well recently. but if you look at apple, apple has decimated the business model of companies like hewlett-packard, r.i.m., et cetera. what we're searching for now is whose business model will be impacted negatively or positively by th
this is a business with more customers than any nation other than china or india. so if they can't monetize the internet, there must be something wrong with them. so the potential is there. >> how does it affect the valuation for you for the rest of social networking companies? has it changed something? >> oh, fundamentally, but they've got a huge ways. 900 billion users. a fantastic user technology because it's there. so everybody else who wants to play in the four pillars of value...
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Sep 13, 2012
09/12
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we have a slowly watched inflation print coming out of india tomorrow. already expected are that wpi will move up and that could complicate matters for the indian central bank which meets next monday. remember, tomorrow's inflation print is the last macro data to come out, so it will be a big one that we will be looking out for. >> thanks very much. i want to bring you the latest on the bae/eads deal, airbus saying they this welcomes possible news coming. it would not affect daily operations at airbus and that future strategy and manufacturing should all continue as is. reuters talking to a source familiar with the deal says the planned deal would mean that germany, the uk and frachbs each get a special share with the sole purpose being to block a hostile take over. and shares from other governments would grant no veto rights. it would lead to the shareholder pact and the size stakes held by individual shareholders will be limited. and ross, we should mention invest tech cutting bae systems to a sell. and so we'll have more on this story later. >> plenty
we have a slowly watched inflation print coming out of india tomorrow. already expected are that wpi will move up and that could complicate matters for the indian central bank which meets next monday. remember, tomorrow's inflation print is the last macro data to come out, so it will be a big one that we will be looking out for. >> thanks very much. i want to bring you the latest on the bae/eads deal, airbus saying they this welcomes possible news coming. it would not affect daily...
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Nov 21, 2012
11/12
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. >> reporter: they've started selling to russia and they're looking at markets like india. but they've not given up on europe, which will remain its key engine for growth. the european story is more nuanced than the eurozone crisis growth headlines would suggest. in fact, solaris has picked up new business in finland and belgium and will do record sales in spain this year. solaris management considers the company as much european as it is polish and believes the block is strongest staying together. so if the eurozone were a bus, say, none of the passengers should be forced to leave before the ultimate destination is reached. just setting aside for a moment the issue of trade into germany, the polish economy is clipping along at about 2.4% this year. it's expected to slow into next year. so what exactly is the central bank going to do to offset some of that weakness in domestic demand. i'm very pleased to have with me yang, on the committee, and also an academic economist. thank you for joining us. the central bank has been criticized by some for not cutting sooner and more
. >> reporter: they've started selling to russia and they're looking at markets like india. but they've not given up on europe, which will remain its key engine for growth. the european story is more nuanced than the eurozone crisis growth headlines would suggest. in fact, solaris has picked up new business in finland and belgium and will do record sales in spain this year. solaris management considers the company as much european as it is polish and believes the block is strongest...